In a significant development, the Sunday Times reported, British finance minister in the upcoming budget in March, Rishi Sunak is likely to raise taxes on businesses to pay for the Government’s COVID-19 support schemes. During his March 3, 2020 speech,… Read More ›
COVID19
78 Brexit companies relocated to Netherland, 550 in relocation talks: Netherlands Foreign Investment Agency
On Thursday, in a statement Netherlands Foreign Investment Agency stated, there has been a flow of businesses moving into the Netherlands because of Brexit; this is despite direct foreign investment dropping by a quarter because of the coronavirus-induced COVID-19 pandemic…. Read More ›
Israel to reopen restaurants, hotels, cafes, tourism with select countries from March
In a significant development that marks an attempt to go back to pre-coronavirus pandemic times, officials from Israel said they plan to reopen restaurants around March 9 and restart tourism with Cyprus as part of a gradual return to normality… Read More ›
MGM Resorts posts record losses, sees increasing footfalls by year end as vaccine rollout widens
MGM Resorts has posted a bigger-than-expected loss thanks to the coronavirus-induced COVID-19 pandemic which brought global travel to a standstill; it has however signaled that with increased inoculation of the COVID-19 vaccine, it is likely that demand will pick up… Read More ›
Japan’s Financial Services Agency conducting survey on regional economies to gauge impact of new curbs
According to four sources with direct knowledge of the matter at hand, Japan’s banking regulator is conducting a survey on regional lenders to gauge how new curbs imposed earlier this year in January to help mitigate the effects of the… Read More ›
South Korea unveils plan to build world’s largest offshore wind farm for $43 billion
In a significant development, South Korea has unveiled a plan to build the world’s largest wind power plant by 2030 at a cost of $43.2 billion (48.5 trillion won) as part of broader efforts to foster an sustainable-friendly economic recovery… Read More ›
Toyota Motor Corp to build record 9.2M automobiles in 2021
In a report Japan’s the Nikkei newspaper said, Toyota Motor Corp plans on boosting its global production to record high at 9.2 million vehicles in 2021. The automaker has informed its main suppliers of the plan, which reflects sales momentum… Read More ›
Outbreak of COVID-19 variant in northern China will impact industrial production
On Tuesday, alleviating industry concerns that the new variant of the coronavirus disease that has been surging in northern China, Huang Libin, an official from China’s Ministry of Industry and Information Technology said, the outbreak will have an impact on… Read More ›
Low acreage acquisition by energy giants likely to lead supply side gap during the second half of the decade
With coronavirus inducing economic lockdowns around the globe, there has been a sharp decline in energy prices last year according to data, as a result top oil companies have significantly reduced their search for new fossil fuel resources, triggered massive… Read More ›
EU member states empowered to non-EU passengers from entering country, part of German proposal to contain COVID-19
On Thursday, according to a report from the Times newspaper, a German proposal could see European governments allowing a ban on all UK residents from entering their respective countries along with cutting off all passenger transport links with Britain. The… Read More ›